$ATWT acquired its manufacturer, Assembled Product
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Posted On: 11/13/2020 7:02:42 AM
$ATWT acquired its manufacturer, Assembled Products, Inc., in a deal worth $2.6 million in cash and stock. Assembled Products has been the proprietary manufacturer of ATWEC's child safety systems, including the KV-4 Child Reminder System with RFID technology deactivation, and the new KV-X vehicle sterilization system, for the past 30 years.
"Bringing the manufacturing of our transportation safety devices in-house better enables us to respond to the growing market demand for solutions to keep bus and vehicle passengers safe," said Darnell Stitts, President and CEO at ATWEC Technologies. "Acquiring Assembled Products allows us to keep costs down and scale more quickly. Plus, by expanding into manufacturing, we can diversify the range of our offerings."
Assembled Products, Inc. is a U.S. manufacturer and designer of electronic and mechanical apparatuses. Since its founding in 1986, it has worked with major companies, including Halliburton, the U.S. Air Force, FedEx, and AutoZone.
"An exclusive partnership between ATWEC Technologies and the resources of Assembled Products will fast-track next-generation product development and bring a long-overdue higher level of safety to the transportation industry," said Glen Stevens, Operations Director at Assembled Products.
"Bringing the manufacturing of our transportation safety devices in-house better enables us to respond to the growing market demand for solutions to keep bus and vehicle passengers safe," said Darnell Stitts, President and CEO at ATWEC Technologies. "Acquiring Assembled Products allows us to keep costs down and scale more quickly. Plus, by expanding into manufacturing, we can diversify the range of our offerings."
Assembled Products, Inc. is a U.S. manufacturer and designer of electronic and mechanical apparatuses. Since its founding in 1986, it has worked with major companies, including Halliburton, the U.S. Air Force, FedEx, and AutoZone.
"An exclusive partnership between ATWEC Technologies and the resources of Assembled Products will fast-track next-generation product development and bring a long-overdue higher level of safety to the transportation industry," said Glen Stevens, Operations Director at Assembled Products.
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